China has offered to make up the trade imbalance with the United States, telling U.S. trade negotiators that China will ramp its purchases of U.S. goods, Bloomberg News reported on Friday, citing officials familiar with the talks. Chinese officials made the offer during negotiations in Beijing earlier in January, the report said. This story is
Tesla – Tesla is cutting its full-time workforce by 7 percent to lower costs, according to an employee memo. In the memo, CEO Elon Musk said the cuts are needed along with manufacturing design improvements to achieve economies of scale and to maintain a viable company. (Read the full text of Musk’s email to Tesla
The best business isn’t always the best stock. And even Wells Fargo (NYSE:WFC) bulls would admit that WFC isn’t the best business among big banks. The company is still dealing with the aftereffects of a series of scandals that have led Wells Fargo stock to underperform the sector. But that’s not necessarily a bad thing. Stocks
Last year was definitely rough for Exxon Mobil (NYSE:XOM), with the shares down about 24% from the high Exxon stock was the sixth worst performer in the Dow. But the drop in XOM was more than just about the market swoon. The oil industry has had to deal with some tough headwinds, such as the volatility
After a terribly difficult year for stocks, 2019 started on a better note. Sellers are no longer in control and the S&P 500 is up 5% this year and up 10% off the Christmas lows. Although, the sellers are doing a decent job this morning on American Express (NYSE:AXP) stock, down 2.5%. But therein lies
The campaign of gravity defiance continues this morning with U.S. stock futures solidly in the green. Part of the optimism is being driven by good news on the trade war front. Yesterday the Wall Street Journal reported that the Donald Trump administration could be cutting trade tariffs imposed on China. Against this backdrop, futures on
The Russell 2000 is having its best start to the year since 1987. The index of small-cap stocks has gained more than 8 percent year to date — a far cry from its 2018 performance, when the index saw its worst annual loss since the financial crisis. But the recent strength may just be a
Home Depot (NYSE: HD) is the largest home improvement retailer in North America. And it’s likely to stay that way for a long time. Since 1978, the HD model has moved across North America and now represents over 2,200 stores across the continent. With nearly 35,000 products available in stores and 1 million online, it certainly
The “multiplier effect” of the ongoing government shutdown is not to be discounted, CNBC’s Jim Cramer argued Thursday as stocks rose on reports that U.S.-China trade tensions could ease amid negotiations. With 800,000 federal workers missing their paychecks, “you’ve got an uninsured hurricane going on and we don’t know when it will end or how
Fiat Chrysler Automobiles NV: “That was a CEO situation. It had a great CEO, and after [his death], we just can’t go there. Let it rally a little and then run. I’m sorry. I mean, it was just such a well-run company, but I’m not endorsing it anymore.” Brink’s Co.: “I think this Brink’s went
The stock market’s positive response to a report that U.S. officials were considering lifting tariffs on China to get a trade deal was telling, but it wasn’t necessarily good, CNBC’s Jim Cramer said Thursday. “Stocks that had been crushed on Chinese worries roared higher like this arrangement was already a done deal” despite the report
Check out the companies making headlines after the bell: Shares of Netflix fell as much as 5 percent in after hours trading based on their mixed earnings released Thursday. Fourth-quarter earnings were 30 cents per share which beat analyst’s estimates by 6 cents. Quarterly revenue missed at $4.19 billion vs. the $4.21 billion estimated by
Shares of Chipotle (NYSE:CMG) have been hotter than a chili pepper the past month. Chipotle stock has risen 12 out of the last 15 days after making a low at $385 on Christmas Eve. Chipotle stock is now up an astounding 130 points, or 33%, over those 15 days. Certainly some of the run up
Rumors over a lifting of the tariffs sparked a temporary intraday rally for the stock market — not that a number of stocks needed anymore reason to climb on Thursday. Let’s get a look at some must-see stock charts to see what’s in focus for Friday. Top Must-See Stock Charts #1: Boeing Boeing (NYSE:BA) got
The stock market popped on Thursday after a report from the Wall Street Journal suggested U.S. officials may lower tariffs on China during trade negotiations as an incentive to hatch a longer-term deal. If a deal appears to be getting close, there is a possible game plan for traders. “Any deal would likely see a
It was in the early 1990s, after three or four years as a correspondent at CNBC, that it became obvious to me: the vast majority of active managers rarely beat their benchmarks. Sure, there was Bill Miller (Legg Mason Value) and Peter Lynch (Fidelity Magellan Fund), but they were distinguished by their rarity: they were
Check out the companies making headlines on midday Thursday: Signet Jewelers — Shares of Signet Jewelers plummeted more than 20 percent after reporting weaker-than-expected holiday sales. Signet, the parent company of brands like Kay and Zales, also slashed its outlooks for fiscal 2019 and the fourth quarter. Morgan Stanley — The banking giant’s stock fell
Are you looking for apparel and retail stocks to buy for the long haul? If so, you might want to spend less time checking out the Victoria’s Secret’s of the world and focus on companies winning with menswear. Why? Menswear is hot. So hot, experts expect women’s clothing to take a backseat over the next
It doesn’t matter if times are tough or if they’re great, there are still going to be companies that go belly up. A perfect example? Look at 2008 vs. 2018. Just 10 years apart and look at how much has changed. Yet bankruptcy stocks are still popping up all over the map, and there’s not
It’s gimmicky to be sure. Yet, it’s also brilliant. On Wednesday, New Age Beverages (NASDAQ:NBEV) unveiled a new line of cannabis-infused drinks that will utilize the name and fame of late reggae star Bob Marley to launch Marley+CBD. The agreement pairs a niche maker of teas and flavored waters with a well-known entertainer who is
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